Precious metals split Wednesday with gains and losses. Gold and palladium rose modestly, silver fell slightly, and platinum dropped sharply.
Gold for December delivery ticked up 40 cents, or 0.02%, to settle at $1,814.50 an ounce on the Comex division of the New York Mercantile Exchange.
Gold "has rebounded after testing the $1,810 support level for the past two days and it looks poised to break resistance around $1830 next as it continues to make bullish price action on the intraday charts," said Fawad Razaqzada, analyst at ThinkMarkets, in a note reported by MarketWatch.
Gold futures ranged from a low of $1,808.30 to a high of $1,835.90. They lost 0.4% on Tuesday and they rose 0.3% on Monday.
Silver for September delivery declined 12.1 cents, or 0.5%, to settle at $25.461 an ounce. Silver futures traded between $25.37 and $26.09. They inched up 0.03% on Tuesday and they edged 0.1% ahead on Monday.
In PGM futures prices Wednesday:
October platinum fell $25.60, or 2.5%, to $1,021.30 an ounce, ranging from $1,016.60 to $1,052.
- Palladium for September delivery rose $6.40, or 0.2%, to $2,651.70 an ounce, trading between $2,644 and $2,680.
US Mint Bullion Sales in 2021
Published U.S. Mint bullion sales increased Wednesday by 2,500 ounces in American Gold Eagles and by 3,000 ounces in American Gold Buffalos.
Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
|US Mint Bullion Sales (# of coins)|
|Wednesday||Last Week||This Week / August||May||June||July||2021 Sales|
|$50 American Eagle 1 Oz Gold Coin||2,500||6,000||15,500||20,500||158,000||49,500||649,500|
|$25 American Eagle 1/2 Oz Gold Coin||0||0||0||0||15,000||10,000||56,000|
|$10 American Eagle 1/4 Oz Gold Coin||0||0||0||0||30,000||0||86,000|
|$5 American Eagle 1/10 Oz Gold Coin||0||40,000||15,000||0||90,000||40,000||295,000|
|$50 American Buffalo 1 Oz Gold Coin||3,000||500||3,000||44,000||27,500||14,500||211,000|
|$1 American Eagle 1 Oz Silver Coin||0||760,000||612,500||0||2,800,000||3,104,000||19,623,000|
|$100 American Eagle 1 Oz Platinum Coin||0||0||0||40,000||0||0||75,000|
|Tuskegee Airmen 5 oz Silver Coin||0||0||0||2,900||0||0||52,900|